The Federal government has approved a proposal presented by the Ministry of Works and Housing for the reconstruction of 44 proposed federal roads, totaling 4,554 kilometers in length, at a cost of N1.9 trillion to be handled by Nigerian Petroleum Development Company Limited.
Senior Special Assistant to the President on Media and Publicity in the Office of the Vice President, Laolu Akande, who briefed on behalf of the minister, Babatunde Fashola, said the Federal Executive Council (FEC) approved the recommendation to invest in the reconstruction of selected federal roads on the federal government, road infrastructure development and refurbishment investment tax credit policy, phase two by the Nigerian National Petroleum Corporation and its subsidiaries.
Akande also said following the issuance of requisite Full Business Case (FBC) Compliance Certificates by Infrastructure Concession Regulatory Commission (ICRCN) FEC also approved 25-year Concessions for the following Nine (9) Road Corridors under the pilot phase of the Highway Development and Management Initiative.
“The roads that will be under this first phase are the Benin-Asaba corridor. Abuja-Lokoja-Onitsha-Owerri-Aba-Shagamu-to Benin, Abuja-Keffi-Akwanga-Lafia-Makurdi, Kano-Maiduguri, Enugu-Port Harcourt, Lagos-Ota-Abeokuta, and Lagos-Badagry-Seme.”
He said the works and housing ministry also got council’s approval for the augmentation of contract for the rehabilitation of the Oshogbo-Ilesha Road phase one, Ilesha-Oshogbo in Osun State in favor of Messers Orizon construction company in the sum of N1.2 billion, thereby revising the subsisting contract sum from N3 billion to N4 billion, representing an increase of 33% of the original sum.”
Minister of Environment, Mohammed Abdullahi, on his part said Council approved the procurement of 31 project vehicles for the hydrocarbon pollution remediation projects in Ogoni land.
He said: “Recall that last year in December, the Federal Executive Council approved some projects for Ogoni people and remediation of some polluted site.